Based on the agreement, the number of below-market rate housing in the development will increase to 27 percent from 20 percent. About 468 units of the 1,723 total apartments throughout the 2.2 million square foot project on the Astoria waterfront will be deemed affordable.
Developers also agreed to hire union labor for construction and building maintenance jobs associated with the project, and commit to building a ferry dock.
Councilman Costa Constantinides, who promised to fight for more affordable housing units, fully embraced the project following the deal.
“The agreement will help transform Astoria for the better,” Constantinides said. “For the first time in city history, this developer will be required by law to provide permanently affordable housing that is within the reach of Astorians.”
The project still has to go through a full City Council vote on Nov. 25.
In addition to the Land Use Committee giving its approval, Borough President Melinda Katz has also had a change of heart due to the negotiations.
“The modified Astoria Cove proposal is consistent with Queens’ commitment to responsible development and is now closer to par with many of our chief concerns, namely housing, transit options and skilled labor,” Katz said in a statement. “Once built, this project will become a landmark accomplishment that we can be proud of here in the Borough of Queens.”
Astoria Cove will consist of five buildings, three on the waterfront ranging from 26 to 32 stories and two on the upland portion of the site, including a six-story residential building.
The project, which is anticipated to take more than 10 years to complete in four different phases, will also include about 84,000 square feet of publicly accessible open space, a school and some retail.